Hi there… I’m 1743 Red Rock Rd, and I’m the kind of home people hope pops up—newer, effortless, and perfectly placed in New Smyrna Beach. If your wish list says “low-maintenance,” “close to everything,” and “I want to actually enjoy my weekends,” then come a little closer… because I was built for exactly that. I was built in 2022, and I still feel fresh, clean, and modern—like that “finally, we don’t have to renovate a thing” kind of relief. Inside, I keep life open and easy with an open floor plan, higher ceilings, granite countertops, tile floors in the main living areas, and indoor laundry (because running to the garage in Florida humidity is not the vibe). My 3 bedrooms and 2 baths give you the flexibility you need—whether that’s space for guests, a home office, a hobby room, or just room to breathe. And my primary suite? It’s calm, spacious, and made for exhaling at the end of the day—with a large bath and plenty of room to truly unwind. Now let me show you my favorite part… step out back to my covered lanai, where I face a quiet wooded preserve. No rear neighbors staring back at you—just a peaceful view that makes your morning coffee feel like a little ritual and your evenings feel like you’re finally off the clock. And here’s where I really shine: I’m in Oak Leaf Preserve, a gated community where lawn care is included and the community pool is just steps away. That means: no yard work, no stress, no “when are we mowing?” conversations—just lock-and-leave ease with the perks that make Florida living feel like Florida living. Location? I’m dialed in. I’m minutes to the beach, about 5 miles to downtown dining and shops, and I give you easy access to I-95 for commuting or spontaneous day trips. And yes—one more bonus that can make a big difference: a 4.5% assumable loan for qualified buyers. So if you’re looking for a move-in-ready home that’s modern, low-maintenance, and perfectly positioned to enjoy the best of New Smyrna Beach… I’ve been waiting for you.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
